Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

Now if they dont meet your advertised qualifications then you can deny them or if the property will not pass inspection you can suggest that be an issue to them.  

They consider it fraud and will take action against those who dare to rattle their cage.That being said, IF they approve the tenant and rent you are asking, and the total rent falls within their guidelines and tenant income qualifications, disclosed on the lease you are good to go.BTW, in year #2 of the lease, you can ask for a rent increase, and don't be shy about a raise--at that point, all they can say is "no".

Im amid the pre-qualification process at a local bank, and heard back that the lowest down payment they offer for a primary residence loan on a small multi-family property is 15%.

Has this person submitted an application because my qualifications are strict and a lot of time the person doesn’t meet the basics so the esa doesn’t even come into play.  

I have no pre-qualification letter.

A CPA is a special designation that is difficult to obtain.You are not able to claim yourself to be a CPA unless you pass all the qualifications.A few amount of the qualifications include1) College degree with a certain amount of credits within accounting / Tax / Law / assurance2) Completing 4 exams in accounting / tax / law / assurance3) complete continuing education courses4) Work a certain amount of time under a CPAThe reason that the person you spoke with being unable to say he / she is a CPA is likely because he / she didn't pass the above qualificaitons.

I guess we'd have to if someone actually had a real ESA cat with proper paperwork, but so far, it's been the ones trying to force us to allow their cat, and they've been ruled out for other qualification issues.

@Connor Hibbs Both my property and I meet all of those qualifications.

Feel free to inquire about their staff qualifications if it's a larger organization.2.